Institutions of Higher Education and the Regional Economy: A Long-Term Spatial Analysis
Table 3
Non-Spatial OLS Regressions of Changes in Log County Wage/Salary per Job 1970–2000.
(1)
(2)
(3)
(4)
(5)
(6)
Number of colleges
−0.001
−0.001
−0.001
−0.001
(0.002)
(0.002)
(0.002)
(0.002)
Number of large colleges
−0.011
−0.011
(0.009)
(0.009)
Number of colleges—Engineering
−0.015
−0.015
(0.010)
(0.010)
Number of colleges—Business
0.030**
0.029**
(0.013)
(0.013)
Number of colleges—Medicine
−0.006
−0.006
(0.015)
(0.015)
Number of colleges—Doctoral/Master’s
−0.009*
−0.010**
(0.005)
(0.005)
Number of colleges—Baccalaureate
−0.001
−0.001
(0.005)
(0.005)
Number of colleges—Associate’s
−0.011**
−0.011**
(0.004)
(0.004)
Number of colleges—Other Carnegie
0.006*
0.006*
(0.003)
(0.003)
Employment share of resource sectors
−0.0004
−0.0003
−0.0004
(0.0002)
(0.0002)
(0.0002)
Employment share of manufacturing
−0.0001
−0.0001
−0.00009
(0.0002)
(0.0002)
(0.0002)
Undetermined industrial mix
0.005
0.005
0.005
(0.007)
(0.007)
(0.007)
Observations
3076
3076
3076
3076
3076
3076
-squared
0.460
0.460
0.461
0.462
0.462
0.463
Standard errors in parentheses.
*significant at 10%; **significant at 5%; ***significant at 1%. Also included in the control set are state dummies, land area, log wage and a quartic of log employment (not shown).
